EQT Private Equity to acquire Zeus, a leading supplier of custom polymer components to the world’s most innovative medical device and industrial companies

Transaction highlights EQT’s commitment to partnering with leading, purpose-driven companies that deliver inherently critical services to society. Zeus uses its material science expertise to develop advanced components for medical devices used in minimally invasive, life-saving procedures

EQT will support Zeus through investments in additional production capacity, R&D, and operational excellence

NEW YORK, Dec. 18, 2023 /PRNewswire/ — The EQT X fund ("EQT") and Zeus Company, Inc., today jointly announced that they have entered into an agreement for EQT to acquire Zeus Company Inc ("Zeus" or the "Company") from the Tourville family. Founded in 1966, Zeus is a pioneer in the design, development, and extrusion of fluoropolymer tubing for medical devices and select industrial applications. EQT also announced that John Groetelaars, former CEO of Hillrom and EQT Industrial Advisor, will serve as Zeus’ Executive Chairman upon closing of the transaction.

For more than 50 years, Zeus has delivered innovative and mission-critical components that improve the efficacy and performance of highly complex catheters, which are used in life saving, minimally invasive medical procedures, among other applications. The Company is headquartered in Orangeburg, South Carolina, with eight facilities across the United States and one in Letterkenny, Ireland. Zeus employs approximately 2,400 people globally and serves over 300 customers in more than 100 countries, including leading medical device manufacturers, contract device manufacturing organizations, academic institutions, and industrial customers across aerospace, semiconductors, and automotive, among other industries.  

Zeus’ components enable the delivery of minimally invasive interventional procedures, which drive significantly better health outcomes than traditional open surgeries, including faster patient recovery and reduced pain, at lower cost. Zeus has experienced substantial growth as a leading innovator in polymer-based solutions. As populations age and chronic conditions become more prevalent, increasing demand for precision, high-performance catheters to support therapeutic areas including structural heart, peripheral and neurovascular interventions, is expected to continue fueling Zeus’ growth.

EQT will support Zeus with investments in additional capacity, R&D, and operational excellence, to support the rapidly growing medical fields that leverage minimally invasive technologies. These investments will enable the Company to continue its legacy and reputation of partnering with its clients’ research and development groups to remain at the forefront of next generation technologies.

Ethan Waxman, Partner within EQT Private Equity’s Advisory Team, said: "EQT has tracked the medical device component industry closely for several years, and we believe Zeus is uniquely positioned within the end markets it serves due to its unmatched material science and process expertise. We are excited to partner with the Company and invest in its next phase of growth, its employees, and the communities it serves, while maintaining Frank Tourville Sr.’s values and commitment to excellence, which are shared by EQT."

Steve Peterson, President and CEO of Zeus, added: "We are excited to join the EQT family. Zeus has gained significant momentum in recent years due to a strategic global expansion plan. This acquisition accelerates that momentum and growth by supporting future expansion, new product innovation, process improvements, technological transformation, and enhanced capabilities."

John Groetelaars said: "I am thrilled to embark on this journey with Zeus and EQT to build upon the Company’s impressive legacy and best-in-class, differentiated product portfolio. We are committed to strengthening the partnerships with the customers that Zeus serves and expanding capacity through investments, operational upgrades, and growth from new product innovations. In the near-term, we intend to expand facilities and add personnel to increase production on behalf of our customers, and we’re excited to maintain our status as a key employer in the communities where we operate."

"As one of the world’s leading healthcare investors, EQT invests in innovative companies that are addressing some of the most significant challenges in healthcare today, ranging from life science startups to scaled global businesses," said Eric Liu, Partner, Head of North American Private Equity and Co-Head of Global Healthcare. "This acquisition represents a highly thematic investment for EQT, given our longtime focus on the medical technology industry and our experience partnering with family-founded businesses. With EQT’s deep expertise and broad network of advisors in the healthcare sector, we look forward to continuing our track record of creating differentiated value for all stakeholders."  

The transaction is expected to close in Q1 2024, subject to regulatory approvals and customary closing conditions.

Piper Sandler Companies acted as financial advisor to EQT Private Equity and Simpson Thacher & Bartlett LLP provided legal counsel. Goldman Sachs & Co. LLC acted as financial advisor to Zeus and Freshfields Bruckhaus Deringer LLP provided legal counsel. The Private Credit business within Goldman Sachs Asset Management will serve as the Administrative Agent and lead lender in the Senior Secured financing to support the transaction.

With this transaction, EQT X (target fund size of EUR 20.0 billion and a hard cap of EUR 21.5 billion) is expected to be 25-30 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on its target fund size.

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of EQT X will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

About EQT
EQT is a purpose-driven global investment organization with EUR 232 billion in total assets under management (EUR 128 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

About Zeus
Zeus, headquartered in Orangeburg, South Carolina, is the world’s leading polymer extrusion and catheter design manufacturer. With over 55 years of experience in medical, aerospace, energy, automotive, fiber optics, and other leading industries, Zeus’ mission is to provide solutions, enable innovation, and enhance lives. The company employs over 2,400 people worldwide with facilities in Aiken, Columbia, Gaston, Orangeburg, and St. Matthews, South Carolina; Branchburg, New Jersey; Chattanooga, Tennessee; San Jose, California; Arden Hills, Minnesota; Guangzhou, China; and Letterkenny, Ireland. For more information, visit www.zeusinc.com.

Source : EQT Private Equity to acquire Zeus, a global leader in advanced polymer components used in life-saving medical procedures

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LONDON, Dec. 18, 2023 /PRNewswire/ — The ad hoc group of holders of the Guaranteed Notes (the "Ad Hoc Group") urges investors in the Guaranteed Notes to VOTE AGAINST the liability management proposals (the "LME Proposals") set out in the consent solicitation memoranda published by the Company on 13 December 2023.

The Company consistently has refused to engage with the Ad Hoc Group in a meaningful way despite repeated attempts on the part of the Ad Hoc Group to explore a consensual transaction.  Indeed, the LME Proposals fail to incorporate any feedback from the Ad Hoc Group.  Therefore, in the assessment of the Ad Hoc Group, the LME Proposals do not represent the best terms possible in respect of the Guaranteed Notes.

Holders of the Guaranteed Notes are invited to contact Solomon J. Noh or Polina Lyadnova of Cleary Gottlieb Steen & Hamilton LLP for further information.

The contact details for Mr. Noh and Ms. Lyadnova appear below:

Solomon J. Noh

[email protected]

Office: +44 (0) 20 7614 2306

Mobile: +44 (0) 78 4132 3679

Polina Lyadnova

[email protected]

Office: +44 (0) 20 7614 2355

Mobile: +44 (0) 77 8330 0736

Source : US$1,000,000,000 13.875% NOTES DUE 2024 (ISIN: USV9667MAA00 (REGULATION S) AND US92243XAD30 (RULE 144A)) (THE "2024 GUARANTEED NOTES"); AND US$1,200,000,000 8.95% NOTES DUE 2025 (ISIN: USG9727HAD62 (REGULATION S) AND US92243XAE13 (RULE 144A)) (THE "2025 GUARANTEED NOTES", TOGETHER WITH THE 2024 GUARANTEED NOTES, THE "GUARANTEED NOTES") EACH ISSUED BY VEDANTA RESOURCES FINANCE II PLC AND GUARANTEED BY TWIN STAR HOLDINGS LIMITED, WELTER TRADING LTD AND VEDANTA RESOURCES LIMITED (TOGETHER WITH ITS SUBSIDIARIES AND AFFILIATES, THE "COMPANY")

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~At the 19th edition, 17 companies were honored with awards for their outstanding performance ~

~Nominations for the 20th edition of the awards are now open~

MUMBAI, India, Dec. 18, 2023 /PRNewswire/ — Frost & Sullivan recently wrapped up the 19th edition of the India Manufacturing Excellence Awards (IMEA) at Taj Bangalore, Bengaluru. 17 companies were celebrated for their achievements in optimizing operational excellence and demonstrating future readiness. The evaluation criteria included the utilization of digital manufacturing tools, optimization of the supply chain, and effective enhancement of manufacturing capabilities. A total of 22 awards were presented during the grand ceremony held on December 15, 2023.

This year’s awards were presented to companies across four major categories: Indian Manufacturer of the Year Award, Future-Ready Factory of the Year Award, Smart Factory of the Year Award, and Gold Award. Hindalco Industries Limited received the evening’s top honors—the Indian Manufacturer of the Year Award, while ABB India Limited – Smart Power Division walked away with the Smart Factory of the Year Award, the 1st Runner-Up of the Indian Manufacturer of The Year Award. Hindalco Industries Limited – Mahan Aluminium, Aditya Aluminium – Hindalco Industries Limited, Vedanta Limited, Royal Enfield – A Unit Of Eicher Motors Limited and Karam Safety Private Limited were awarded the Future Ready Factory of the Year. The newly introduced Consistency Awards were well-deservedly bestowed upon Hindalco Industries Limited – Mahan Aluminium and ABB India Limited – Smart Power Division.

Congratulating the award recipients, Rahul Sharma, VP & Global Head, Digital Transformation & Sustainability, Frost & Sullivan, said, "We extend our heartiest congratulations to all the winners for their commendable achievements in optimizing their manufacturing operations. These awards signify the sustained excellence and commitment demonstrated by these companies in their respective fields. Looking back, the event underscored the ongoing shift in manufacturing practices towards greater efficiency, sustainability, and resilience. The industry leaders serve as a source of inspiration for the future of manufacturing excellence."

Deepak NG, Managing Director, Dassault Systemes India, said, "Digital technologies are shaping the new face of manufacturing and are dramatically improving human-machine efficiency. Companies that will effectively implement virtual twins will have a competitive advantage in terms of price points and time to market. India Manufacturing Excellence Awards (IMEA) constituted by Frost & Sullivan is based on the same premise and belief, with a proprietary assessment methodology perfected over 1000+ manufacturing sites. For manufacturing leaders, now is the time to take a step forward and accelerate toward digital maturity, sustainability, and improved business performance."

IMEA is the country’s earliest and most respected assessment-based manufacturing award. With a proprietary assessment methodology, this program is an ideal platform to drive your operational excellence journey. Over the past 19 years, Frost & Sullivan has assisted automotive, industrial engineering, FMCG, pharmaceutical, healthcare, and metals-based organizations to advance their manufacturing capabilities, extend supply chains, and optimize production systems.

The event was supported by Dassault Systemes as Technology Partner, CNBC TV18 as Television Media Partner, and Manufacturing Today, MOTORINDIA and EV Tech News as Media Partners and Bizvin as Outreach Partner.

To know more about the awards and the methodology, please visit: https://frost.ly/822
To schedule an interaction with our spokespersons, please email Aishwarya Nair at [email protected] 

Recipients of the India Manufacturing Excellence Awards 2023

S. No.

Company Name

Award Title

Indian Manufacturer of The Year Award

1

Hindalco Industries Limited – Mumbai

Indian Manufacturer of the Year – Corporate Award

2

ABB India Limited – Smart Power Division

Indian Manufacturer of The Year Award – 1st Runner up

Future Ready Factory of the Year Award

3

Hindalco Industries Limited – Mahan Aluminium

Future Ready Factory of the Year | Metals Sector,
Mega Large Business

4

Aditya Aluminium – Hindalco Industries Limited

Future Ready Factory of the Year | Metals Sector,
Mega Large Business

5

Hindalco Industries Limited – Renukoot

Future Ready Factory of the Year | Metals Sector,
Mega Large Business

6

Vedanta Limited

Future Ready Factory of the Year | Metals Sector,
Mega Large Business

7

Royal Enfield – A Unit Of Eicher Motors Limited

Future Ready Factory of the Year | Automotive Sector,
Mega Large Business

8

Karam Safety Private Limited

Future Ready Factory of the Year | Engineering Sector,
Medium Business

Smart Factory of the Year Award

9

ABB India Limited – Smart Power Division

Smart Factory of the Year

Gold Awards

10

Utkal Alumina International Limited

Gold Award | Metals Sector, Mega Large Business

11

Hindalco Industries Limited

Gold Award – Runner Up | Metals Sector, Mega Large
Business

12

Tata Motors Limited – Commercial Vehicles

Gold Award | Automotive Sector, Mega Large Business

13

Hindalco Industries Limited – Belagavi Works

Gold Award | Metals Sector, Large Business

14

Cipla Limited, Unit – 2

Gold Award | Pharma Sector, Large Business

15

Cavinkare Private Limited

Gold Award | FMCG Sector, Large Business

16

Microlabs Limited

Gold Award | Pharma Sector, Medium Business

17

Zydus Lifesciences Limited

Gold Award – Runner up| Pharma Sector, Medium
Business

18

Kansai Nerolac Paints Limited

Gold Award | Process Sector, Medium Business

19

PN International Private Limited

Gold Award |Engineering Sector, Medium Business

Corporate Gold Award

20

Karam Group

Corporate Gold Award

Consistency Award

21

Hindalco Industries Limited – Mahan Aluminium

Consistency Challenger Award

22

ABB India Limited – Smart Power Division

Consistency Aspirer Award

About Frost & Sullivan
For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success.

Media Contacts: – 
Aishwarya Nair, South Asia Corporate Communications
[email protected]
Nimisha Iyer, Director – Marketing Communications, MEASA
[email protected]  

Social Media: –
Twitter: @Frost_Sullivan & @FrostSullivanIN (Event Hashtag: #IMEAAwards2023)
LinkedIn: (17) Frost & Sullivan India: My Company | LinkedIn

Source : Frost & Sullivan applauds Future-ready enterprises at the 2023 India Manufacturing Excellence Awards

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ZAOZHUANG, China, Dec. 18, 2023 /PRNewswire/ — A report from Publicity Department of the CPC Zaozhuang Shanting District Committee:

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Located in Zaozhuang City, Shandong Province, Shanting District, established in 1983, spans 1,019 square kilometers with a vibrant population of 540,000. Home to nine towns, one sub-district, and a provincial-level economic zone, the district paints a diverse and dynamic picture.

Nature’s Abundance
Distinguished by its "eight mountains, one water, one farming field," Shanting District stands out as a region with over 5,400 hills, covering a staggering 87 percent of its total area. Notable peaks like Yiyun Mountain, soaring at 624.2 meters, and the magnificent Baodugu national forest park, the inception point of Yimeng area’s seventy-two gorges, showcase its rich topography.

Heritage and Legacy
With a history spanning 2,800 years, Shanting District is recognized as a birthplace of ancient Chinese civilization. It played a pivotal role during the Anti-Japanese War, serving as the revolutionary base for revolutionaries of the older generation like Chen Yi and Luo Ronghuan.

Ecological Marvel
Characterized by distinct seasons and breathtaking landscapes, Shanting District boasts an 85 million mu forest cover and 550,000 mu of specialty orchards. An ecological haven, it offers pristine air quality with the content of negative oxygen ions in the air as high as 72,000 per cubic centimeter.

Innovation Hub
Strategically positioned as a transportation hub, Shanting District is on the cusp of a new era with expressway connections and plans for the Yiyun Airport by 2025. Pioneering projects like the Zhuangli Pumped Storage Power Station and the China General Nuclear Power 400 MW energy storage station underscore its commitment to innovation.

People-Centric Progress
Prioritizing education and healthcare, Shanting District ensures a high quality of life, bolstering its cultural influence and achieving remarkable happiness indices. It proudly holds the city’s "Fourteen Consecutive Championships" for public satisfaction.

Welcome to explore Shanting District, a city where nature, history, and innovation intertwine, inviting you to discover its diverse landscapes and thriving community.

Source : Zaozhuang's Shanting District: A Tapestry of Nature, History and Innovation

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

NEW YORK, Dec. 18, 2023 /PRNewswire/ — As the holiday season approaches, Oraimo has unwrapped a noteworthy addition to its product lineup—a cutting-edge ice maker, Nugget Ice Maker Series OIM-512A, that promises to elevate the home ice experience to new heights. Scheduled for launch on the 18th of December, this innovative appliance arrives as a thoughtful gift to usher in the Christmas and New Year.

oraimo Nugget Ice Maker 512A

At the heart of Oraimo Nugget Ice Maker Series OIM-512A is the appliance’s unique ability to produce Nugget (Sonic) Ice—a feature that distinguishes it from conventional ice makers. Sonic Ice chills drinks quickly and does not melt as quickly as crushed ice. Comprising small, chewable pellets, this distinct ice variant has garnered attention for its satisfying crunch and tooth-friendly characteristics. 

In terms of performance, the ice maker boasts an impressive capacity, producing up to 37 pounds (17 kg) of Nugget Ice daily. The incorporation of an upgraded compressor, enhancing refrigeration efficiency, and upgraded fans, minimizing noise levels, aligns the appliance with contemporary consumer demands for eco-conscious and user-friendly technology.

Measuring a modest 12.8DxW9.57×14.9H inches and 26.7 Pounds, Oraimo Nugget Ice Maker is almost the size of an ordinary pressure cooker. Its space-saving design lends itself to easy integration onto most countertops. The minimalist dimensions further enable convenient storage when the appliance is not in use, catering to the practical considerations of modern living.

A notable feature in Oraimo Nugget Ice Maker is the automatic cleaning function, which allows users to activate the self-cleaning mechanism with a mere press of the "CLEAN" button for 3 seconds. This not only streamlines maintenance but also ensures optimal hygiene, an essential factor in the realm of food-related appliances. Notably, Oraimo Nugget Ice Maker comes equipped with a 14ft. long drainage pipe for easy water discharge after the self-cleaning water circulation, eliminating the need to lift a heavy machine or deal with bottom holes, as seen in traditional mini ice makers from other brands.

Operating on a principle of simplicity, the ice maker prides itself on a one-click start mechanism. To add a personal touch, the appliance is available in two colors, with more exciting colors in the pipeline for future releases, allowing users to choose a finish that complements their kitchen aesthetics.

To celebrate the launch, oraimo is offering viewers a limited code for 5% off their purchase by going to the Amazon store, searching for oraimo 512A, and using the code "oraimo512A" at purchase.
For more information, please visit
https://www.amazon.com/dp/B0CL4QT5QJ
https://www.amazon.com/dp/B0CL4NL87K

All oraimo ice makers come with a 1-year standard warranty plus a 1-year extended warranty on the official website.

About Oraimo

Oraimo, a brand focused on premium, smart consumer electronics, has served over 200 million users worldwide with distribution to 60+ countries. Oraimo is on a mission to encourage cleaner, healthier lifestyles and habits.

Visit the Oraimo at https://www.us.oraimo.com to learn more about Oraimo Nugget Ice Maker Series OIM-512A and other Oraimo products.

PR contact
[email protected] 

Source : Enjoy Chewable Ice: Oraimo Introduces the Nugget Ice Maker for Modern Living

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

MONTEREY, Calif., Dec. 18, 2023 /PRNewswire/ — Retro Stage, a vintage-inspired fashion brand, has released its Christmas collection in preparation for the upcoming holiday season. This collection aims to satisfy consumers’ needs for festive attire while showcasing their unique retro tastes during this grand annual celebration. To add to the excitement, Retro Stage is offering annual ultra-low prices, allowing more consumers to build their ideal Christmas wardrobe with amazing deals.

Retro Stage Launches Christmas Collection, Revisiting the Charm of Classic Fashion for the Holidays

Retro Stage has always been renowned for their passion for and dedication to classic fashions, and the release of this collection is no exception. With stunning evening gowns, adorable dresses, timeless vintage coats, and more available to browse, consumers can easily find the perfect outfit that showcases a blend of classic and trendy elements. By combining classic retro elements with the latest modern fads, Retro Stage strives to bring their customers a wide range of uniquely vintage clothing that can’t be found anywhere else. This Christmas collection represents an opportunity for vintage fashionistas to celebrate the holidays and express their personal style at the same time.

"We are so excited to be launching the Christmas collection," said the Retro Stage team. "We wanted to showcase our deep respect for retro fashion by bringing together a mix of classic and modern components and blending them with the festive atmosphere of Christmas to create groundbreaking new pieces. In the future, we will continue to explore and innovate, providing customers with even more exciting options to choose from. Merry Christmas, everybody!"

The Christmas collection draws inspiration from iconic holiday motifs as well as the overall festive atmosphere. The design team at Retro Stage was particularly inspired by the joy and warmth of the Christmas season. By cleverly incorporating classic patterns, rich textures, and exquisite detailing, they’ve created a line of uniquely festive retro pieces that combine the common color schemes of vintage fashion with the classic colors of Christmas to represent the spirit of the season and pay homage to timeless 20th-century aesthetics. Check out these standout pieces:

The Pink 1960s Christmas Candy Cane One-Shoulder Dress is predominantly pink in color and features a bold striped pattern reminiscent of candy canes. This type of pattern was very popular in the 1960s, as it evokes the joy and sweetness of the holiday season in a more subtle and sophisticated way. Similarly, the Red & White 1950s Christmas Lapel Dress perfectly captures the festive atmosphere by drawing inspiration from Santa Claus’s iconic attire. Made from high-quality plush fabric, this warm and comfortable dress emphasizes clean lines and smooth curves, showcasing the wearer’s feminine grace.

The 1950s Christmas Plaids Bow Decor Dress features a vibrant red, green, and white plaid pattern, truly embodying the Christmas theme. As the wearer walks down the street on Christmas Eve, the loose flared skirt will sway joyfully in the breeze. On the other hand, the 1950s Off-Shoulder Snowflake Dress has an A-line silhouette that provides a comfortable fit while accentuating the wearer’s elegant curves. It also features a unique snowflake pattern that was highly popular in the fashion world in the 1950s, making it a great choice for party attire throughout the holiday season.

The 1950s Sweetheart Plaid Patchwork Dress is perfect for formal occasions like Christmas dinners. The low-cut design and red plaid pattern at the bust add a touch of mature sensuality, while the asymmetrical cut of the green outer skirt contrasts with the plaid fabric underneath to create a unique and playful overall look. Similarly, the Green&Red 1950s Christmas Plaids Hooded Dress captures the atmosphere of Christmas with its classic plaid design in festive colors. The dress also has a hood that can be pulled up as a fashion statement or worn folded down to serve as a neck warmer.

The 1960s Solid Off-Shoulder Velvet Dress exemplifies the festive holiday atmosphere with its rich, high-quality green velvet fabric. The off-shoulder design tastefully shows off the wearer’s collarbones and emphasizes the gentle curve of the shoulders. From partying out on the dance floor to mingling with friends at a party, this piece radiates holiday spirit while keeping things subtle and sophisticated. Similarly, the Dark Green 1950s Plaid Knitting Dress, with its deep green hue, perfectly complements the Christmas backdrop. This dress features an A-line silhouette that flares out beautifully at the waist and is sure to turn heads as the wearer walks down the street on a bustling Christmas Eve.

The launch of Retro Stage‘s Christmas collection means it’s the perfect time to start planning a holiday outfit lineup. What’s even more exciting is that Retro Stage is currently providing discounted offers on their entire catalog! This means customers can get their hands on all their favorite must-have vintage fashion items at even more affordable prices. Don’t miss out on this rare opportunity while doing holiday shopping!

About Retro Stage

Retro Stage is a popular vintage fashion brand featuring classic clothing and accessories inspired by 20th-century aesthetics. As a vintage style pioneer, Retro Stage is more than a brand; it’s a way of life, helping every customer explore the history of fashion through chic and glamorous retro style. "Beauty never fades," said the Retro Stage team. "All we want to do is encourage women to build a better life for themselves and confidently embrace their natural allure."

Source : Retro Stage Launches Christmas Collection, Revisiting the Charm of Classic Fashion for the Holidays

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New funds to fortify US market entry and growth strategy, as well as advance breakthrough research

CAMBRIDGE, Mass., Dec. 18, 2023 /PRNewswire/ — Biorithm, a global women’s health medtech, has closed $3.5 million in Series A funding, co-led by Adaptive Capital Partners and SEEDS Capital. With a homegrown spirit and a global vision, Biorithm is dedicated to developing cutting-edge solutions for personalized connected maternity care. The funding will fuel Biorithm’s expansion in Southeast Asia and the United States. It also will assist the company in advancing Femom, a comprehensive obstetric remote monitoring solution, and completing clinical studies to support a 510(K) premarket submission to the US Food and Drug Administration. 

Complications from childbirth result in mortality for 800 women every day. Biorithm is committed to ending preventable pregnancy complications by pioneering new standards of care through protocol-based remote monitoring of maternal and fetal biometrics. Biorithm’s Femom is patient-friendly technology that facilitates patient monitoring, accessible personalized guidance, and seamless integration of predictive analytics that help clinicians to identify early signs of complication.

Julian Robinson, Chairman of Biorithm Medical Advisory Board, highlighted the significance of this technology, that will offer enhanced accessibility and improved healthcare outcomes. He further emphasized, "Biorithm will enhance care, minimize inconvenience, and reduce cost for patients and improve the efficiency and effectiveness of the clinical health care provider. Above all, it will improve medical outcomes for mothers and their babies."

With headquarters in Singapore and Massachusetts, Biorithm aims to strengthen the women’s health ecosystem globally. Amrish Nair, Founder and CEO, expressed gratitude for investor support, envisioning a future where every expectant mother has proactive and connected healthcare. The funding from new investor Adaptive Capital Partners and existing investor SEEDS Capital reaffirms their recognition of Biorithm’s pivotal role in reshaping women’s healthcare through innovative technology.

"We are truly heartened to have the support of our new and existing investors. We feel a deep commitment to improving the health of expectant mothers and putting an end to preventable complications. There is a collapse of maternal care driven by socio-economic factors and limitation of current monitoring technologies in many regions across the world, and we are hard at work to solve this problem in partnership with others. The investment we have received is a testament to our mission at Biorithm, and a future where every expectant mother has access to healthcare that is not only proactive but profoundly connected to her unique journey," Amrish Nair, Founder and CEO, Biorithm.

Having successfully completed clinical trials with healthcare institutions in Singapore and the United Kingdom, Biorithm will be expanding its clinical trial footprint to more priority markets. Biorithm is also channeling its incoming funding into further research that demonstrates how remote care can be most effectively deployed. In its aim to strengthen the overall women’s health ecosystem, Biorithm will chart out and foster key partnerships with various stakeholders globally to improve maternal and baby health through data, personalized and accessible care.

"Building a system of connected medical care is crucial to help clinicians predict, diagnose, and formulate calculated decisions on early intervention to prevent complications and devise treatments. We are excited with our investment into Biorithm as the company is focused on creating measurable and actionable value in maternal health, integrating this system across all touchpoints to ensure safety throughout the pregnancy journey," said Shi Ying, Founder & Managing Partner, Adaptive Capital Partners

Tan Kaixin, General Manager, SEEDS Capital added, "By leveraging technology to enable remote monitoring, Biorithm’s offering provides enhanced access to quality care for expectant mothers. We are excited to continue backing Biorithm as they accelerate their commercialization in the US and support their vision of revolutionizing the global maternal health market. Investments in MedTech startups like Biorithm will propel the healthcare ecosystem to new heights."

About Biorithm

Biorithm envisions a world with better access to maternal care and improved outcomes for mother and child. To achieve this, Biorithm has developed a remote maternal-fetal care platform with novel intellectual property in device and algorithms. Having grown from academia, Biorithm is now present globally, working with clinical partners to deliver better care for mothers and babies. For more information, visit https://www.bio-rithm.com

About SEEDS Capital

 As the investment arm of Enterprise Singapore, SEEDS Capital catalyses smart investments into innovative Singapore-based early-stage startups with strong intellectual content and global market potential. We adopt a co-investment model, working hand in hand with institutional investors from around the world. Leveraging our collective expertise and networks, we help startups commercialise, realise their business development plans, and expand globally. We focus our investments into emerging and strategic sectors aligned with national priorities, including Manufacturing, Trade & Connectivity, Human Health & Potential, Urban Solutions & Sustainability, and Smart Nation & Digital Economy.

About Adaptive Capital Partners

Adaptive Capital Partners is a Singapore based, early-stage technology focused venture capital firm. Adaptive invests in high conviction and disruptive technology startups with a predominant focus in HealthTech and MedTech while working with founders in many of their defining challenges with the team’s deep experience as an operator and research background.

Source : Biorithm Secures $3.5 Million in Series A Funding to Advance Maternal Care Worldwide

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network